Maintenance

Training Course: Lowering Life Cycle Cost Equipment


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MI12341

19 - 23 May 2025

London (UK)

Hotel : Landmark Office Space - Oxford Street

Cost : 5775 € Euro

Introduction

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups.

The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.
This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

  • Maintenance best practice improves the competitive position
  • Initiatives such as Six Sigma & Lean depend on reliable  equipment
  • Technical and people aspects are fully covered
  • Hard and soft copy of practical improvement tools are provided
  • Important points are reinforced by workshop sessions

Course Objectives of Lowering Life Cycle Cost Equipment

  • Evaluate and justify your maintenance programs using Value = Benefit – Cost.
  • Apply Life Cycle cost and risk planning to your facility assets.
  • Target Maintainability and/or Reliability in the development of your facility maintenance plans.
  • Learn the PLAN, DO, REVIEW cycle of continuous improvement.
  • Apply the theory of this session using practical case studies.
  • Practice using improvement techniques

Course Methodology of Lowering Life Cycle Cost Equipment

This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies.

Organizational Impact of Lowering Life Cycle Cost Equipment

By sending your staff on this seminar you will achieve:

  • Lower life cycle costs for equipment
  • More reliable equipment
  • Lower maintenance costs
  • Better planning
  • Improved team working between maintenance and production
  • Increased equipment performance

Personal Impact of Lowering Life Cycle Cost Equipment

  • Strategies aligned to the business goals
  • Introduction to the latest tools and techniques
  • Exposure to best practices drawn from a range of different industries
  • Methodology to enable successful permanent changes
  • Application of the most appropriate reliability improvement technique
  • Consideration of technical and human aspects of reliability improvement

Who Should Attend?

It is highly recommended that all Maintenance, Reliability, Engineering, and technical support staff including leadership and management attend this workshop.

  • Planners
  • Maintenance Supervisors
  • Engineers
  • Crafts and Tradesmen
  • Reliability Engineers
  • Operations Supervisors

Course Outlines of Lowering Life Cycle Cost Equipment

Day 1: Asset Cost Management Introduction

  • Definitions of reliability, maintenance & asset management
  • The total cost of maintenance
  • Best practice reliability and maintenance processes
  • Elements of asset management best practice
  • Auditing performance
  • Overview of TPM, RCM, BCM, QCM, and other asset management buzzword
  • Open discussion sessions

Day 2: Laying the Groundwork

  • Team-work maintenance, operations, stores
  • The importance of standards such as PAS 55, JA1011
  • Corporate asset management expectations
  • Asset performance expectations
  • The forms of asset failure and degradation
  • The causes and nature of asset failure and degradation
  • The effects, cost and risks of asset degradation
  • Practical Application and Open Discussion sessions

Day 3: Applying the Value-based Process

  • Breaking the cycle of failure and degradation
  • Select  PM tactics on the basis of costs and risks
  • How to determine PM intervals
  • Condition-based maintenance types and the PF-curve
  • The four important  reliability functions
  • Implementing best practice maintenance programs
  • Optimizing spares to support the maintenance program
  • The maintenance program cost and risk-based justification
  • Practical Application and Open Discussion Sessions

Day 4: Ensuring the Continuity of the Value-based Process

  • Complete the PLAN, DO, REVIEW Improvement cycle with FRACAS
  • Failure Reporting, Analysis and Corrective Action System requirements
  • Structure and code data collection to support reliability analysis
  • How to quantify chronic failures and losses
  • Use Pareto analysis and stratification to focus the value-based analysis
  • Quantify losses in life cycle terms
  • Hypothesize root causes of failure and verify on the basis of evidence
  • Reliability Analysis Case Study
  • Discussion of software and templates to support analysis

Day 5: Supporting Process that Lower Life-cycle costs

  • Planning and scheduling best practice
  • Cost-effective man-power and skills deployment
  • Performance indicators to drive continuous improvement
  • Overall review of concepts learned

Maintenance

Training Course: Lowering Life Cycle Cost Equipment


Register Now
Quick Inquiry
Discount Group Download Brochure (37)

MI12341

19 - 23 May 2025

London (UK) - Landmark Office Space - Oxford Street

Hotel : Landmark Office Space - Oxford Street

Cost: 5775 € Euro


  About London

The UK capital of London is a city that combines the old and the new. It is as equally famous for the latest fashion and innovation as it is for its impressive heritage. London's attractions range from the Royal Palace to the DIY atmosphere of its markets. It is also a picturesque city of parks and of course, the majestic Thames River. The city extends for miles beyond its ancient core and each neighborhood has its own charming atmosphere for visitors to explore. London also wears its status as a world city proudly and the influence of different cultures is plain to see in the food and fashion of the capital.


  Things to do and places to visit in London

With so many attractions in London, anyone can find something to delight them. Art lovers will enjoy the world-renowned museums and galleries, most of which are free. Sports fans are spoilt for choice by the city's array of football clubs. Theatre and music fans have a vast list of venues to visit, whilst shopaholics have Harrods, Oxford Street, Camden and much more to look forward to after arranging flights to London.

Some unmissable London attractions include:

  • Seeing priceless masterpieces in the Tate Britain or the National Gallery.
  • Watching the changing of the guard at Buckingham Palace.
  • Visiting Trafalgar Square's famous monument.
  • Marveling at the Crown Jewels in the Tower of London.
  • Getting a bird's eye view of the city from the London Eye.
  • Tasting one of Brick Lane's famous curries.
  • Browsing the exclusive shops of Knightsbridge.
  • Visiting a market – Spitalfields for antiques, Camden for clothes or Borough Market for street food.
  • Admiring design from around the world in the Victoria and Albert Museum.
  • Looking for clues at the home of fiction's most famous detective, Sherlock Holmes.
  • Strolling through one of the lovely parks, including Hyde Park, St James' Park or Kew Gardens.
  • Eating Britain's most famous dish, fish and chips.
  • Watching the street performers in Covent Garden.
  • Enjoying the views at a South Bank cafe.
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